The Blog

It’s amazing — and scary — how many Chattanooga businesses operate without a true budget. Cash flow becomes their only barometer, and that often doesn’t include an accurate picture of ongoing growth, or the health of a business. Look — in addition to handling taxes and books on behalf of local business owners, we like to dig into the weeds … Read More

Lots of email responses and activity were prompted by last week’s note on the new 20% deduction for pass-through entities (if you didn’t get it or missed it, shoot me a note by clicking the email button at the top of the page and I’ll forward it along), and we’re knee-deep in the year-end moves that this final month of … Read More

Thomas TaylorWhat Success Looks Like In Reality For Chattanooga Businesses03.10.2019

I’m going to step away from tax land today, and put on my business coaching hat. But don’t get me wrong — we are diligently working through many of our Chattanooga business owner client files and getting a significant thrill from being able to help so many of our business owner clients save a TON on their taxes this year. … Read More

Lots of business owners have been contacting us of late, as we’ve developed a bit of a reputation around the Chattanooga area for helping business owners save a bundle on their taxes. And many of the business owners in Chattanooga that we’ve talked to have a similar question: Can I take the new 20% deduction for qualified business income? Also … Read More

Thomas TaylorCan I Take the Section 199A Deduction For My Chattanooga Business?03.04.2019

Tax season 2019 is inexorably moving forward. We now have less than two months before personal federal taxes are due. Which, of course, means that it’s time to get started if you haven’t yet done so already. I’m here today with a large checklist that you can work from, understanding that every person’s situation is a little different. Every Chattanooga … Read More

It’s Thanksgiving week, which definitely seems to have come too fast this year. Because of the holiday, things are a bit slower — but not by much. With so many changes for the business owner in this year’s tax code, we’re having lots of conversations with clients in Chattanooga who are taking proactive steps to get ahead of the year-end … Read More

Thomas TaylorTommy Taylor’s Thanksgiving Thank You To Chattanooga Business Owners02.22.2019

You’re wise these days if you don’t pay close attention to the political tug-of-war that seems to be getting worse and worse. If so, you might not have yet seen that the federal government seems headed for another shutdown. Which is rough news for any poor schmoe out there who is trying to go it alone — especially Chattanooga business … Read More

Thomas TaylorIf There’s Another Government Shutdown We’re Here To Help Your Chattanooga Business02.22.2019

So last week, I began the conversation around those foundational items of necessity for a “real” business that many business owners in Chattanooga don’t quite take into consideration when they first get started. These are the sort of things that can be the difference between a long-term, sustainable business versus one that gets sunk. And yes, these issues are aside … Read More

Thomas TaylorSix Underlying Needs For Effective Small Business Planning In Chattanooga02.15.2019

Well, before I dive into today’s dose of real world business strategy, you should know that as I write on Monday, the IRS has begun receiving filed federal tax returns. That means things are about to get real. Now, for our Chattanooga business owner clients (like you), things obviously take a little bit more time. We haven’t filed your return … Read More

Whether or not the federal government’s continued (as of this writing) partial shutdown affects you, the IRS did manage to pull in about half of its workforce, despite not offering them a paycheck — which would be a pretty great deal for an organizational leader, yeah? And those semi-furloughed IRS workers put out the news last week that they will, … Read More